Super Micro stock closed at $35.09 on October 27, 2026, up $2.40, or 7.34%, ahead of the server maker’s fiscal first-quarter results. The shares were quoted at $35.40 in premarket trading at 9:09 a.m. Eastern time on October 28.

Key Takeaways

  • Shares traded between $33.23 and $35.21 on October 27, with volume of about 31.4 million.
  • Super Micro-backed Argentum AI was reported to be discussing $5 billion in financing; a deal and a Super Micro order have not been confirmed.
  • Super Micro’s preliminary quarterly revenue and gross-margin estimates exceed its earlier guidance but remain unaudited.

Super Micro stock and the financing talks

The Nasdaq-listed shares, trading under the ticker SMCI, rose from a $32.69 close on October 26. The advance followed reports that Argentum AI, a cloud provider backed by Super Micro, was in talks with a major private credit firm about $5 billion in financing to buy AI chips.

The reported financing would support chip purchases for a data center in Poland secured with DL Invest Group. The terms and timing were not reported, and neither company has identified Super Micro as the supplier. The share-price move followed the report, but its cause is not established.

Preliminary results exceed earlier guidance

In its October 20 preliminary business update, Super Micro estimated revenue of $18.5 billion to $19.5 billion for the fiscal first quarter ended September 30, compared with earlier guidance of $14.5 billion to $15.5 billion. It attributed the increase primarily to demand for AI platforms.

The company estimated gross margin at 12.0% to 12.5%, above its prior guidance of 10.4% to 10.8%, primarily because of customer and product mix. The estimates are unaudited and subject to revision; final results could differ materially.

Results call scheduled for November 3

Super Micro is scheduled to discuss its fiscal first-quarter results on November 3, 2026, at 5 p.m. Eastern time. The results will show how the final figures compare with the preliminary estimates.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.